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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 Art. 227Protest for non- acceptance, etc., does not excuse holder from making protest for non-payment.

Sub-title I

In KraftAmtlicher Text

(1) The protest for non-acceptance, or the death or bankruptcy of the party on whom the bill is drawn, shall not excuse the holder from protesting the bill in case of non-payment.

(2) Where the acceptor becomes bankrupt before the bill falls due, the holder may protest the bill and exercise his right of recourse.